Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. FB Financial Corp shares valued at $25,500 were purchased by Ayers James W. on Oct 30 ’24. At $51.00 per share, Ayers James W. acquired 500 shares. The insider’s holdings grew to 10,906,841 shares worth approximately $614.6 million following the completion of this transaction.
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Also, Ayers James W. purchased 2,000 shares, netting a total of over 100,580 in proceeds. Following the buying of shares at $50.29 each, the insider now holds 10,904,341 shares.
Before that, Ayers James W. had added 2,000 shares to its account. In a trade valued at $99,480, the 10% Owner bought FB Financial Corp shares for $49.74 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $614.57 million.
As published in a research note from Hovde Group on October 21, 2024, FB Financial Corp [FBK] has been retained to an Outperform and the price target has been revised to $56. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of May 23, 2024, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for FBK. Earlier on April 16, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for FBK stock which previously was a “a Neutral”.
Analyzing FBK Stock Performance
During the last five days, there has been a surge of approximately 11.85%. Over the course of the year, FB Financial Corp shares have jumped approximately 41.41%. Shares of the company reached a 52-week high of $56.70 on 11/06/24 and a 52-week low of $33.35 on 04/16/24. A 50-day SMA is recorded $47.54, while a 200-day SMA reached $40.90. Nevertheless, trading volume fell to 0.52 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for FB Financial Corp (FBK)
According to the 24-hour chart, there is a support level at 54.07, which, if violated, would cause prices to drop to 51.78. In the upper region, resistance lies at 57.67. The next price resistance is at 58.98. RSI (Relative Strength Index) is 73.54 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.61, which suggests the price will increase in the coming days. Percent R is at 3.82%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
